Alerts

Holder Alerts
(updated November 2018)

Due Dates: Holder reports for calendar year 2018 must be
delivered and received within 90 days of the December 31, 2018 presumption of
abandonment date, but no later than Friday, March 29, 2019. March 31
is a Sunday and March 30 is a Saturday. Holder reports
must be received -- not postmarked -- by the deadline.

Delivery of holder reports: Checks and reports should be sent directly to
our lockbox location. (This PO Box is a lockbox at Webster Bank
and not a "true" Post Office box with the United States Postal Service. Our
lockbox
accepts overnight deliveries.) (See "Reporting and Delivery of Cash
Property" bullet (#13) under the "Forms and Instructions" tab.) Reports are
deemed "Received" on the date they are delivered to the lockbox. Note: If you are
issuing a wire or
an ACH, include a copy of the transmittal. This transmittal serves as proof of
delivery for the bank.

Contact Information: Please be sure that the contact person listed on
the holder report has valid contact information (including phone number)
and is the person our office, or the owner, may contact concerning the
information reported. This should not be a generic unclaimed
property reporting number; our office needs a valid contact person to
discuss problems with the reports.

Electronic filings: All holder reports must be
submitted in National Association of Unclaimed Property Administrators (NAUPA) format. Excel templates must be uploaded into the
applicable software and finalized. ("hde" files must be copied onto
a CD ROM or flash drive and delivered to our office.) Files sent in Word, Excel or Adobe
formats are not acceptable.Notes:
(a) Holder reports do not automatically transmit once loaded into
HRS Pro or any software program. NAUPA files must be copied to CD ROM
or flash drive and mailed
with the original signed and notarized holder report coversheet and check to
our lockbox address. Reports are not considered complete unless you
include this NAUPA file on a CD ROM or flash drive, a check and a coversheet. If the
report is not
received in the proper format, your company may be subject to a late
filing penalty.
(b) Connecticut does not participate in the Eagle/UPExchange initiative for
automatic delivery. NAUPA files must be copied to CD Rom or flash
drive and delivered with the holder report.(c)Be sure that the NAUPA file is
actually loaded to the CD ROM or flash drive before mailing. Check your CD --
it must not be blank.

Original Coversheets and Signatures:
All coversheets, no matter what system they are generated out of, should
have originally signed and notarized signatures. Reports without signature
and notary are onsidered not filed, and will not be accepted until they
are supplied to us correctly. California jurats are okay in place of
signing the coversheet with a notary for companies physically located in
California.

Password: If your company requires a password to
open the holder report, email the password to our office. Be certain the
name of the company, the company tax ID, and the amount of money paid on
the report(s) is included in your email. Email this password to
cathy.kristof@ct.gov.

Securities Deliveries: Prior to delivery of
securities, be sure to
follow procedures and submit a "pre-approval" listing for approval and
review by UCP staff prior to inclusion on your holder report and delivery
to our DTC account. The Treasurer's Office has the authority to refuse
delivery of securities that have no value, are worthless, or cannot be
delivered. [CGS Section 3-65a (f) . . . The Treasurer may decline to receive any
property the value of which is less than the cost of giving notice or
holding sale, or may postpone taking possession until a sufficient sum
accumulates.]

Military and Service Medals: In conjunction with the Department of
Veterans' Affairs, the Treasurer has a requirement for reporting and redemption
of military and service medals. See details under "Reporting and Delivery
of Safe Deposit Box Contents" bullet under the "Forms and Instructions"
tab. [CGS Section 3-65a (k)]

Out Of State Property: Connecticut requests that all property be reported to
the state in which the owner's last address is known. Out of country property may be
reported to Connecticut if the holder is located in Connecticut. If
an address is not known, but the holder is located in Connecticut, the
property also can be reported to Connecticut.

Roth IRAs: Roth IRAs may not escheat in
Connecticut because there is no mandatory distribution date to trigger the dormancy period.

Health Savings Accounts (HSA): At this time, Health
Savings Accounts may not escheat in Connecticut because there is no
maturity date to trigger the dormancy period. Property should be
returned to the original format (such as a savings account) and escheated
from that mechanism.

Failure to comply or late filing: Failure to comply with Connecticut
unclaimed property statutes and UCP delivery instructions may result
in a 15% per annum penalty as mandated under CGS Section 3-65b.